Grab to stay focused on South-East Asian markets

A Grab Food delivery rider picks up orders on Orchard Road in Singapore. Tan said that South-East Asia has nearly double the population of the US, with 670 million people, and its adoption of online services, from mobility to delivery to e-payment, is still low. — Bloomberg

SINGAPORE: Singapore’s tech unicorn Grab will remain focused on South-East Asian markets even after it goes public in the United States, Vietnam News Agency (VNA) quoted the co-founder and chief executive officer Anthony Tan as saying to Asia Nikkei Review.

Noting that investors describe South-East Asia’s most valuable unlisted company as a combination of tech names like Uber Technologies and Ant Financial, Tan stressed Grab will scale up its existing core businesses such as food delivery and digital finance.